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investors cheered that earnings news and the expectation that the faa will clear the dream liner for passenger flight later this week. boeing gained more than 3% today and is up more than 20% this year. >>> yesterday's fake associated press tweet the one that sent the markets into a temporary tailspin escalated concerns about corporate internet security and how safe all our online accounts really are. today a victory for the good guys. police in australia arrested a man believed to be a high level member of the computer hacking ring called lose security. it's part of the larger group known as anonymous. which has claimed responsibility for cyber attacks on the cia, sony pictures and even public broadcasting service. meanwhile, online brokerage giant charles schwab admitted the website was the target of a seco cyber attack in as many days. denying its clients access to their online accounts for several hours. the problem has been resolved and schwab investors can safely trade again. >>> with so many of those schwab clients using mobile devices to conduct trades. another worry on every
investors cheered that earnings news and the expectation that the faa will clear the dream liner for passenger flight later this week. boeing gained more than 3% today and is up more than 20% this year. >>> yesterday's fake associated press tweet the one that sent the markets into a temporary tailspin escalated concerns about corporate internet security and how safe all our online accounts really are. today a victory for the good guys. police in australia arrested a man believed to be...
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. >> reporter: the faa says more than 1025 flight delays yesterday alone were attributable to staffing reductions resulting from furloughs. sings the $637 million cuts to federal aviation have been reality, at a house hearing they grilled the faa administrator about why they were only made available last week. >> we're talking about so% four months. >> you didn't tell them which airports, which airlines. >> we told them they should expect significant impacts at major hub facilities. >> la de da. everyone new that. >> reporter: they accused them of giving them a 4% cut and shifting it to a 10% cut on air traffic controllers. >> this imperial attitude on the part of the administration is disgusting. >> reporter: meanwhile a leading committee democrat blamed the house for not dealing with the cuts. >> it is mystifying to me that some are surprised by congress's failure. >> reporter: they say the furloughs could be carried out differently. >> i have a hard time believing that at lan that, chicago, several other hub's impact on the entire system is a lot bigger. no matter how you slice this
. >> reporter: the faa says more than 1025 flight delays yesterday alone were attributable to staffing reductions resulting from furloughs. sings the $637 million cuts to federal aviation have been reality, at a house hearing they grilled the faa administrator about why they were only made available last week. >> we're talking about so% four months. >> you didn't tell them which airports, which airlines. >> we told them they should expect significant impacts at major hub...
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if there was a line item at the faa, the faa was still have to cut cut8% of that because of the inflexibility of the sequestration law. that shows the sequestration is a bad approach. we need to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my all. only 1/3 of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word "balance." just say you're going to raise taxes. guest: sorry to say i will continue with a balanced approach. i think that is the right pproach. about 15,000 of the 40,000 employees at the faa are air-traffic controllers. most of the employees at the faa are subject to this urlough. that is because of the inflexibility of the sequestration law. host: lewis from maryland. caller: thank you for taking my all. i thought they were going to control the air traffic by satellite and the gps system. would this given some time with the changes you have now and the number of air traffic controllers being laid off.
if there was a line item at the faa, the faa was still have to cut cut8% of that because of the inflexibility of the sequestration law. that shows the sequestration is a bad approach. we need to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my all. only 1/3 of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word...
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Apr 24, 2013
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the cause was the presence of faa administrator michael huerta. the subject was the sequester and its impact on air travel. and it didn't take long for all hell to break loose. >> this imperial attitude on the part of the administration, and you're the most recent example of that imperialism, is disgusting. how come you didn't tell us about this beforehand, the sequester impact on the layoffs, furloughs? not a word. not a breath. >> now, mr. rogers has every reason to be livid. not least because, as a republican congressman, he represents the fifth congressional district in kentucky. and, therefore, relies heavily on air travel to get him to and fro the capital every week. his blistering criticism was very specific. he accused the administration of being imperial and the faa of doing absolutely nothing to warn congress about the impact of the sequester. which got us thinking about the last time the faa's administrator spoke before congress. now, that would be in february. >> we're looking at all options to reduce costs. but to reach the large figu
the cause was the presence of faa administrator michael huerta. the subject was the sequester and its impact on air travel. and it didn't take long for all hell to break loose. >> this imperial attitude on the part of the administration, and you're the most recent example of that imperialism, is disgusting. how come you didn't tell us about this beforehand, the sequester impact on the layoffs, furloughs? not a word. not a breath. >> now, mr. rogers has every reason to be livid. not...
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even the faa could not ground this stock chart. it wants to go higher. it was grounded under '77 for 3 1/2 years. and finally this year, the stock broke higher. i would love to buy this on any sort of pullback, but longer term, you know, put the seat back, relax, loosen the seat belt. this stock wants to go to 105. >> the animal way the trade off of that chart is going to fly is if you fold it up and make it a paper airline. it's a 52-week high, it's come a long way, 27 year-to-date, great earnings, but the time to buy is when they were grounded for the batteries, not when they're about to get back in the air. so we are seeing right now a bigger short interest come into this name here. we're seeing potential, you know, the lag, the way sequestration works, bill, you're going to see a lag. this could be a situation as we go into summer and fall, sequestration hits us. but we like this company on a pullback. it's based in chicago, i'm a big fan of boeing, but way too expensive here. >> jeff, why don't you hop on a plane back to chicago with all of that. >>
even the faa could not ground this stock chart. it wants to go higher. it was grounded under '77 for 3 1/2 years. and finally this year, the stock broke higher. i would love to buy this on any sort of pullback, but longer term, you know, put the seat back, relax, loosen the seat belt. this stock wants to go to 105. >> the animal way the trade off of that chart is going to fly is if you fold it up and make it a paper airline. it's a 52-week high, it's come a long way, 27 year-to-date,...
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of the administration, and you're the most recent example of that imperialism, is disgusting. >> the faa has just issued this statement explaining that 1,025 staffing related flight delays yesterday as a result of the furlough due to sequestration. they are implementing depending on staffing and weather-related ush issues. and the debate is raging over how congress will proceed with the federal budget. maryland congressman chris van is with us. >> hi, tamron. >> you would like to see democrats and republicans to at least try it move this ball forward or ahead or however you choose to explain it here, but there is a stand still. >> sure, tamron. look, what mr. rogers said simply is not true. the faa and department of transportation have been warning members of congress for months that the sequester would have these disruptive impacts, which is exactly why and my colleagues on the democratic side of the house have introduced into the sequester without disruption. we haven't been given an up or down vote. we are calling, as you said, a conference for the budget. the house passed a budget. s
of the administration, and you're the most recent example of that imperialism, is disgusting. >> the faa has just issued this statement explaining that 1,025 staffing related flight delays yesterday as a result of the furlough due to sequestration. they are implementing depending on staffing and weather-related ush issues. and the debate is raging over how congress will proceed with the federal budget. maryland congressman chris van is with us. >> hi, tamron. >> you would like...
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with respect to the faa contrac@ control towers, what the faa did, they sat down with the department of homeland security and the pentagon with the stake holders to help them prepare for it. did did not happen here with respect to the air traffic control furloughs. it's clear if we're going to learn about the cuts via white house press release, and that is simply unacceptable. we should be managed better. p >> to your point, other agencies have discretion; right? have they not asked -- they probably would have received the same. they spent 500 million on consultants, maybe necessary, but we could have probably found other ways to do this. just go to the cafeteria for the day. >> a 4% cut, talking about, what, 40% of flights delayed. what's more troubling is when the directer was confronted about how about deferring some of these expenditures for long term projects and releasing the funds for immediate or short term needs like making sure that we have aircraft controllers available to help with the immediate issue, he didn't have an answer and didn't respond, and, again, when confront
with respect to the faa contrac@ control towers, what the faa did, they sat down with the department of homeland security and the pentagon with the stake holders to help them prepare for it. did did not happen here with respect to the air traffic control furloughs. it's clear if we're going to learn about the cuts via white house press release, and that is simply unacceptable. we should be managed better. p >> to your point, other agencies have discretion; right? have they not asked --...
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the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and there's an argument whether or not the administration has structured these cuts to maximize delays. >> this imperial attitude on the part of the administration and you're the most recent of the imperialism is discussing. >> hardest thing to do is reduce these hours, but in order to hit the target, we need to hit, we don't have any choice. >> there's more than just cuts to the faa, and a short while ago saying there's frustration in the economic effects of the flight delays, but sequestering could cost the country and human kind a cure for aids, parkinson's or cancer referring to cuts in resea
the budget cuts, republicans say the faa should find somewhere else to cut the $16 billion budge. democrats say they can't do that. the way the law is designed does not give flexibility to do that so they propose a bill that would use up used war funding to replace all of the automatic budget cuts. it's called a budget trick so there's not much coming from capitol hill that's going to solve this any time soon. right now, the faa's administrator is testifying before capitol hill committee, and...
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flyers are feeling the brunt of the sequester cuts at airports around the country, harsh words for the faa administrators at a house appropriations subcommittee hearing earlier. >> you didn't inform the congress of this sequester impact and what you plan to do about it. this imperial attitude on the part of the administration and you're the most recent example of that imperialism is disgusting. >> the fbi and secret service are investigating the hack attack on the ap twitter account. a tweet went around saying two explosions in the white house and barack obama injured. the dow jones immediately took a nosedive after that dropping nearly 130 points. 200 billion in revenue wiped out but it quickly rebounded after learning it was a false report and white house press secretary jay carney assured the public the president was safe. >>> a pennsylvania judge dropped three of the eight murder charges against an abortion doctor. he is still facing the death penalty. >>> the justice department is suing lance armstrong for violating his contract with the u.s. postal service. the lawsuit claims armstro
flyers are feeling the brunt of the sequester cuts at airports around the country, harsh words for the faa administrators at a house appropriations subcommittee hearing earlier. >> you didn't inform the congress of this sequester impact and what you plan to do about it. this imperial attitude on the part of the administration and you're the most recent example of that imperialism is disgusting. >> the fbi and secret service are investigating the hack attack on the ap twitter...
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. >> on day three of the faa furlough programs, exas per ated travelers. >> i'm angry. angry, angry. >> reporter: a late flight caused this woman to miss her cruise. >> i have cruise insurance, but they don't cover this, because it's faa business. >> reporter: in the halls of congress, the blame game in full force. >> i am extremely angry that the administration would have this kind of harm. >> the senate considered a balance package, but republicans block thad earlier this year. >> reporter: the faa has not released the number of official delays since tuesday. 1,200 of the 2,600 airline delays on monday were related to staffing issues. >> you have gridlock in congress and that's leading to gridlock in the air and the traveling public is going to pay the price. >> peter goels, former head of the national traptransportation. he said there could be bigger problems down the road. >> there will be some sort of event where we have confluence of weather that will back planes up and people are going to think twice about this and revisit the faa budget. >> reporter: for "cbs th
. >> on day three of the faa furlough programs, exas per ated travelers. >> i'm angry. angry, angry. >> reporter: a late flight caused this woman to miss her cruise. >> i have cruise insurance, but they don't cover this, because it's faa business. >> reporter: in the halls of congress, the blame game in full force. >> i am extremely angry that the administration would have this kind of harm. >> the senate considered a balance package, but republicans...
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the pilot comes on and says, if you've got a problem, call the faa. the faa says, don't talk to us, talk to congress who put the sequester in place. >> the pilots got on and said, it's not the airline's fault, we're sorry you're waiting here on the runway, but you can go online and find a petition to end the furloughs. >> what happens now with the fines, you know, if you're on a tarmac, if you're on a plane stuck for more -- >> that's a good point. >> are the airlines responsible for that? >> the airlines are saying no -- >> are they going to try to get a waiver? >> they're saying they're not responsible, it's an air traffic control situation, because of the furloughs, they're not able to manpower all of the air traffic control posts. so, you know, therefore, we all end up suffering. and thairi think they're passin blame around. >> one third of laguardia flights were delayed. >> 20% delayed at reagan national in newark and philly. these are central hubs, so there's a ripple effect at any of these airports. there's been the blame game, back and forth i
the pilot comes on and says, if you've got a problem, call the faa. the faa says, don't talk to us, talk to congress who put the sequester in place. >> the pilots got on and said, it's not the airline's fault, we're sorry you're waiting here on the runway, but you can go online and find a petition to end the furloughs. >> what happens now with the fines, you know, if you're on a tarmac, if you're on a plane stuck for more -- >> that's a good point. >> are the airlines...
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. >>> plus the flight delays caused by faa furloughs. why some republicans say it's all part of the white house strategy. >>> plus the new occupation of former cia director david petraeus. [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪ shop at choosenissan.com. ♪ shop at choosenissan.com. i'm detecting high levels of happiness. luscious locks there's an entire land here...with living cars. now this is flying... with style. great glittering galaxies. disneyland resort just got happier, see it all with a 3-day park hopper ticket. i now appear to be lost in a deep dark cave... >>> welcome back to ktvu channel 2 morning news. it's 6:13. travelers in california and around the country are feeling the effects of the faa furloughs. ktvu kyla campbell reports from our washington, d.c. newsroom lawmakers ar
. >>> plus the flight delays caused by faa furloughs. why some republicans say it's all part of the white house strategy. >>> plus the new occupation of former cia director david petraeus. [ male announcer ] fact: the 100% electric nissan leaf... is more fun than ever. sees better than ever. ♪ charges faster. and will charge. cool. and heat. from your phone. fact: leaf never needs gas. ever. good for the world. built in america. now, leaf's an easier choice than ever. ♪...
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they blasted the faa administrators for not warning people about the cuts to the faa and the impact on air travel. they are blaming the faa for not coming up with a real solution while democrats are blaming colleagues in congress for not finding their way out of the cuts. a senator republican leader ripped senator harry reid for using a budgetary gimmick for getting out of this mess. >> the majority leader is ditching the president on this issue. the president has said he would only consider replacing the sequester with attacks hike. whatever you want to say about oko it's not attacks hike it's borrowed money. >> reporter: overseas contingency operations. that is using money not spent on the war to try to offset the cuts. other republicans have called this a manufactured crisis mismanaged from the outset and they say it smells of politics, martha. martha: mike, thank you. >> reporter: thank you. bill: 26 minutes now before the hour. critics slamming the president's reaction in pons to the boston bombings. here is the exchange with bill o'reilly and charles krauthammer. >> he's afraid i
they blasted the faa administrators for not warning people about the cuts to the faa and the impact on air travel. they are blaming the faa for not coming up with a real solution while democrats are blaming colleagues in congress for not finding their way out of the cuts. a senator republican leader ripped senator harry reid for using a budgetary gimmick for getting out of this mess. >> the majority leader is ditching the president on this issue. the president has said he would only...
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. >> there is a report out of the capital of ethiopia, saying ethiopian airlines is the -- the faa has not lifted the grounding with airworthiness directive. we expect it to happen today, tomorrow or maybe friday, but relatively soon. ethiopian airlines saying it will be the first post-grounding flight to kenya. this is what we'll be seeing over the next couple of weeks. once the grounding is lifted, the companies that have the dream liners and they're fixed will go back into service. >> everyone doubted them just like novak. people should stop doubting good ceos that know how to deliver. >> we will get six in 60 after a break. [ male announcer ] here at optionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific acti
. >> there is a report out of the capital of ethiopia, saying ethiopian airlines is the -- the faa has not lifted the grounding with airworthiness directive. we expect it to happen today, tomorrow or maybe friday, but relatively soon. ethiopian airlines saying it will be the first post-grounding flight to kenya. this is what we'll be seeing over the next couple of weeks. once the grounding is lifted, the companies that have the dream liners and they're fixed will go back into service....
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sequestration requires the faa to cut $637 million from its budget. yesterday, hundreds of airport workers were forced to stay home because of the cuts. congressional republicans took to twitter to blame the president. house speaker john boehner tweeted under the hashtag obamaflightdelays. congressman eric cantor tweeted "why is president obama unnecessarily delaying your flight?" white house spokesman jay carney told reporters "the faa has no choice under the automatic budget cuts brought about by the congressional republican budget priorities. the gop can eliminate sequestration by approving a debt reduction plan that includes taxes from the wealthy through the closing of loopholes." "these cutbacks, with all the harm that's being caused to the traveling public, there's just no reason that i can see that justifies what's being done here." flight delay information is available at faa.gov. a bill will be introduced in the senate today aimed at banks that are considered too-big-to- fail. the legislation is meant to reduce risk at banks carrying more th
sequestration requires the faa to cut $637 million from its budget. yesterday, hundreds of airport workers were forced to stay home because of the cuts. congressional republicans took to twitter to blame the president. house speaker john boehner tweeted under the hashtag obamaflightdelays. congressman eric cantor tweeted "why is president obama unnecessarily delaying your flight?" white house spokesman jay carney told reporters "the faa has no choice under the automatic budget...
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if there was a line item at the faa, the faa was still have to because of theat inflexibility of the sequestration law. that shows the sequestration is a bad approach. we to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my call. of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word "balance." just say you're going to raise taxes. say i willy to continue with a balanced approach. i think that is the right approach. 40,000 ,000 of the employees at the faa are air- traffic controllers. most of the employees at the faa are subject to this furlough. that is because of the inflexibility of the sequestration law. host: lewis from maryland. caller: thank you for taking my call. tohought they were going control the air traffic by satellite and the gps system. would this given some time with the changes you have now and the number of air traffic controllers being laid off. could they go to a satellite gps system?
if there was a line item at the faa, the faa was still have to because of theat inflexibility of the sequestration law. that shows the sequestration is a bad approach. we to replace it with something more long term. host: martin, a republican. caller: good morning. thank you for taking my call. of the employees of the faa are air traffic controllers. and that their budget this year is larger after the budget. i will wait for that common. stop using the code word "balance." just say...
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>> the faa's budget is immense. it's contractors, consultants, it's matter of sitting down and prioritizing and saying what do we need now? what can we put off until later? i mean their budget is huge and to do this on the backs of the controllers on the front line is so incredibly wrong, it feels like you are a character in a remake of "one flew over the cuckoo's nest" sometimes. >> bill: interesting. i'm thinking back to ronald reagan, and here again the air traffic controllers are being beat up in this. >> yeah we're more profile when you see things like that. and it will make the biggest impact. sequestration was supposed to be so bad that there's no way we will go down that road. well, we're here. so let's stop playing political games with the national air space system. >> bill: is there a safety issue, jim? >> i would say that as this goes on, there are absolutely safety concerns in place. we are, again, looking at the closures of those 149 towers come june that will add to the work load of an already stressed
>> the faa's budget is immense. it's contractors, consultants, it's matter of sitting down and prioritizing and saying what do we need now? what can we put off until later? i mean their budget is huge and to do this on the backs of the controllers on the front line is so incredibly wrong, it feels like you are a character in a remake of "one flew over the cuckoo's nest" sometimes. >> bill: interesting. i'm thinking back to ronald reagan, and here again the air traffic...
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take a look at the faa budget. if the sqest goes through and stays in place the faa will have more money to spend in 2013 than what the president asked for in his budget submission. >> hold on. hold on. stop. because sometimes there are things that are said that need to be repeated. >> okay. >> i want you -- >> really? >> let's have three seconds of silence. then i want you to repeat that again. 1-2-3, go. >> yeah. if the sequester goes into effect and stays into effect and the savings are achieved, the faa, for this year, will have more money to spend than what the president asked for in his budget submission. i think that tells you all you need to know. >> pat, how many times have you and i heard people in the media and on both sides, depending on what committee they are on, screaming about massive spending cuts and how locust we are going to descend from the skies and eat flesh off of our bones? and we find out later that they have more money this year to spend than they had last year? >> but this is why they ar
take a look at the faa budget. if the sqest goes through and stays in place the faa will have more money to spend in 2013 than what the president asked for in his budget submission. >> hold on. hold on. stop. because sometimes there are things that are said that need to be repeated. >> okay. >> i want you -- >> really? >> let's have three seconds of silence. then i want you to repeat that again. 1-2-3, go. >> yeah. if the sequester goes into effect and stays...
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one, the faa is going to lift the grounding. it's going to happen very soon. and once that happens, then you're going to see these fixes when they're finished. the airlines will start putting the dream liners back in the air, deliveries will return. and you don't see a change in the delivery schedule. that's one thing, and the other thing to keep in mind, the 737 program is the bread and butter at this company. and they've been increasing their production rate on a steady basis. that's really the workhorse at this company. and the 737 is on fire right now. doesn't get any attention because everybody looks at it and says, that's kind of mundane, but it really has been doing well. >> there's got to be another expression, phil. with the battery issue and all that stuff. doing really well the 737s, right? >> doing very well. >> there you go. >> i'm looking through -- it's secondary compared to the commercial airline stuff. but the defense, space and security there were questions about whether or not that might be impacted by sequester. one analyst said it may shav
one, the faa is going to lift the grounding. it's going to happen very soon. and once that happens, then you're going to see these fixes when they're finished. the airlines will start putting the dream liners back in the air, deliveries will return. and you don't see a change in the delivery schedule. that's one thing, and the other thing to keep in mind, the 737 program is the bread and butter at this company. and they've been increasing their production rate on a steady basis. that's really...
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but the faa warns hart fields jackson, los angeles international, chicago o'hare will also experience longer delays because of the furloughs. it is, you know, your -- >> it affects the bottom line. >> your elected officials at work. now you're going to feel it, pack your patience. >> yep. >> pack your patience at the airport. >> thank you very much, christine. 24 minutes past the hour. proud milestone for the city of boston this morning. just nine days after the marathon bombing boylston street is reopening the public we are happy to report. and we are going to take you there live. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actually use, you never miss the fun. beard growing contest and go! ♪ i win! what's in your wallet? but with advair, i'm breathing better. so now i can help make thi
but the faa warns hart fields jackson, los angeles international, chicago o'hare will also experience longer delays because of the furloughs. it is, you know, your -- >> it affects the bottom line. >> your elected officials at work. now you're going to feel it, pack your patience. >> yep. >> pack your patience at the airport. >> thank you very much, christine. 24 minutes past the hour. proud milestone for the city of boston this morning. just nine days after the...
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furloughs by the faa are the result of automatic, federal spending cuts imposed by the sequester. the fight over blame for it now in the senate. last night it was on the floor. democrat harry reid proposed to suspend the sequester and it was met with sharp opposition. >> we have created a situation where we are going to discomfort and inconvenience hundreds of thousands of american people on a political point because we can't cut any spending in washington. >> several senators are urging the obama administration to put off to furlough to give all sides to find other ways to handle the spending cus. >>> police in beverly hills looking for a driver behind a violent cage of road rage all captured on camera. the driver in a white bmw chased a man on the bicycle into an alley. rammed into him, and pinned him to a metal garbage bin. peels out in reverse with the cyclist still hanging on to the car. then speeds away. there it is again. ouch. police say the driver is going to face serious charges if and when he is caught. >> there was a small dispute, verbal argument initially. and then t
furloughs by the faa are the result of automatic, federal spending cuts imposed by the sequester. the fight over blame for it now in the senate. last night it was on the floor. democrat harry reid proposed to suspend the sequester and it was met with sharp opposition. >> we have created a situation where we are going to discomfort and inconvenience hundreds of thousands of american people on a political point because we can't cut any spending in washington. >> several senators are...
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Apr 24, 2013
04/13
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remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is really the engine that's powering these guys right now. think about this, kelly. we expect them for the first quarter to report a profit in north america of greater than $2.7 billion. that would easily be the most profitable first quarter ever for the company probably with a profit margin of close to or if not past 12%. that is the area that when he first took over said we need to get profit margins up north of 10%. they're doing that in north america. the issue remains what's going on in europe and how quickly they are coming along and restructuring it. >> the german automaker saying first quar
remember, we are probably within a day or two of the faa lifting the grounding on the dreamliner. boeing never had to bring down the delivery schedule. further out investors are having more confidence and more comfort with boeing. on the ford story, the issue here is whether or not ford can give investors confidence that things in europe are improving. they're going to report a loss. they're going to lose $2 billion in europe this year. that's their forecast at this point. north america is...
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Apr 24, 2013
04/13
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i would encourage greater cooperation and communication between eight faa and can -- between the faa and congress. i do not know how you come up with a plan that you announce on friday the you are furloughing on sunday. it seems to me there would be much longer lead time to give airlines the greater ability to respond. the circumstance to find ourselves in it is surprising to me. and unnecessary. i would suggest a delayed by a demonstration to give congress -- give demonstration a chance to change their mind and congress a chance to respond. >> [inaudible] do you think the administration [inaudible] >> it is hard to attribute motives to people in the decisions they make. mece ray lahood indicated to that he would like to be helpful, but the administration opposed the amendment. his explanation was that we are only interested in long-term solutions, not short-term solutions. a very unsatisfactory answer when you are dealing with a particular resolution. the entire continuing resolution was how to fund the government from now until september 30 it. no satisfactory explanation for why d
i would encourage greater cooperation and communication between eight faa and can -- between the faa and congress. i do not know how you come up with a plan that you announce on friday the you are furloughing on sunday. it seems to me there would be much longer lead time to give airlines the greater ability to respond. the circumstance to find ourselves in it is surprising to me. and unnecessary. i would suggest a delayed by a demonstration to give congress -- give demonstration a chance to...
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Apr 24, 2013
04/13
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the faa approved a redesigned battery system last week. boeing may be able to resume several flights within a week. >> there is no rest tonight for people in two midwest earn states hit hard by heavy rain and flooded. in saint louis, missouri today makeshift levies barely held back and the illinois rivers filled its banks this morning flooding 70 homes in small town of spring bay. across the midwest people are piling up sandbags around homes or businesses in north dakota convoy 500 semis filled with sandbags is on its way to flood soaked towns. a landslide is forced to southern california family out of their hillside home. a chunk of ground gave about 30 feet wide gave way under this sand bern dean know home. the ground beneath the garage and patio slid 300 feet down the hill. the owners had a retaining wall installed but that also collapsed. fire officials say a ruptured water pipe may have triggered the landslides, no other homes in the neighborhood have been effected by that slide. >> now, there's no that i guarantee you these houses a
the faa approved a redesigned battery system last week. boeing may be able to resume several flights within a week. >> there is no rest tonight for people in two midwest earn states hit hard by heavy rain and flooded. in saint louis, missouri today makeshift levies barely held back and the illinois rivers filled its banks this morning flooding 70 homes in small town of spring bay. across the midwest people are piling up sandbags around homes or businesses in north dakota convoy 500 semis...
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Apr 24, 2013
04/13
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according to g.a.o., 167 out of 434th flight training schools, 38% today do not have the required faa certification. i am told ice is often unaware when they revoke certification for flight training providers. i understand that ice is working with f.a.a. to thards issue. what updates and insurance consist you provide about ice's efforts to improve its communication with the f.a. toombings address this issue? >> i think we are very far along. by the way, senator, we're also moving from a new system governing institutions that educates student visa holders. this will help solve the problem. i will get to that. the silent screen process. under the present system, applicants for asylum must undergo a credible fear interview to determine whether they have a credible fear of persecution in his or her county of origin. but the officer determines that they have a credible fear, the application is a long for further consideration. this bill streamlines the process partly by allowing a screening officer to grants asylum immediately following the interview. if this were to become law, how would
according to g.a.o., 167 out of 434th flight training schools, 38% today do not have the required faa certification. i am told ice is often unaware when they revoke certification for flight training providers. i understand that ice is working with f.a.a. to thards issue. what updates and insurance consist you provide about ice's efforts to improve its communication with the f.a. toombings address this issue? >> i think we are very far along. by the way, senator, we're also moving from a...
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Apr 23, 2013
04/13
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we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer flights and furloughing workers to make life hard. what's that about? >> these are the priorities of government. and they would be absurd if they weren't just outrageous. they whose -- faa chose to prioritize air safety and passenger service, chose inflict as much political pain as possible on the traveling public. they have the money. as you pointed out. and they have a lot less, what i would say, frivolous spending on conferences, consultants, supplies, that they could be, frankly, prioritizing for -- another thing is, a year-and-a-half. since the sequester law became law to se
we're going to show you that the faa has had a massive -- that's the blue line. they've gone from about $2 billion all the way up to over $5 billion in their operating budget since 2008. they're off the pink but still very high. and at the same time, the faa has gotten this massive increase of $2 billion to over $5 billion. traffic, domestic traffic, has plunged. has plunged from -- let's see. from 11 -- almost 11el million flights down to 9.5 million flights. so more money chasing fewer...
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Apr 23, 2013
04/13
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we're keeping as close track as we can based on the information from the faa. which are sequester-related and which are not. the point is these delays are increasing today as we speak and we think will continue based upon the fax's forecast to snow ball as time goes on. >> can you give me a percentage, at least today, for example? i said there are about 1,200 flights delayed. do we know what percentage you believe were canceled or delayed as a result of the furlough? >> i can't answer that right now. >> okay. we know reuters is reporting that the senate commerce committee leaders are pressing the obama administration for more information on how it plans to furlough air traffic controllers and close contract towers, and how it would affect public safety. there is a quote from senate commerce committee chairman jay rockefeller. he said we are faced with substantial possible disruptions to the air transportation system. what is your may know concern? obviously jobs. as far as public safety, are there questions that are lingering right now? >> we're comfortable on
we're keeping as close track as we can based on the information from the faa. which are sequester-related and which are not. the point is these delays are increasing today as we speak and we think will continue based upon the fax's forecast to snow ball as time goes on. >> can you give me a percentage, at least today, for example? i said there are about 1,200 flights delayed. do we know what percentage you believe were canceled or delayed as a result of the furlough? >> i can't...
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Apr 23, 2013
04/13
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tell them that you oppose faa imposed flight delays. they want activism by the passengers that are affected. and that is pointed chris is trying to make. that twice, at least two g.o.p. senators wrote bills to try to give president obama the authority to make spending decisions that he thinks are more sensible. if he doesn't like this. maybe he could take the $50 million back from the tsa. they paid a bunch of money torque launch women in transportation. a video series which we have some video. why do we have to spend on that? president obama was offered to red line, love women and transportation and love new uniforms but i would rather have air traffic controllers on the job and the senate blocked those reforms. >> this is again, we americans love my country around love my people. we are knee-jerk reaction after the fact society on almost everything. this was preventable. the president said that, the american people said that and president said that. quite frankly to urge anybody to complain after the fact, we had the power long before
tell them that you oppose faa imposed flight delays. they want activism by the passengers that are affected. and that is pointed chris is trying to make. that twice, at least two g.o.p. senators wrote bills to try to give president obama the authority to make spending decisions that he thinks are more sensible. if he doesn't like this. maybe he could take the $50 million back from the tsa. they paid a bunch of money torque launch women in transportation. a video series which we have some video....
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Apr 23, 2013
04/13
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that's 637 million from the faa. the faa initiated a series of cost saving measures, both personnel and non-personnel relates including hiring freeze, restrictions on travel, limitation of certain temporary employees, and reductions in contracts among other savings, but the fact is 70% of the faa's operation budget is personnel. there's no way to avoid furloughs. remember, secretary lahood came to the briefing room and laid this out as what would be inevitable consequence if sequester were to be law, i implemented, and ore -- over time, it was implemented and final action furloughed. that's a fact. now, you know, they put forward a plan to replace sequester and reduce deficits while making investments necessary to have the economy grow and create jobs, protect the middle class, and protect seen yours. the president is engaged in a process with lawmakers where he's trying to find commonground to see if commonground exists with republicans around the basic principle to reduce the budget in a balanced way, and he's put
that's 637 million from the faa. the faa initiated a series of cost saving measures, both personnel and non-personnel relates including hiring freeze, restrictions on travel, limitation of certain temporary employees, and reductions in contracts among other savings, but the fact is 70% of the faa's operation budget is personnel. there's no way to avoid furloughs. remember, secretary lahood came to the briefing room and laid this out as what would be inevitable consequence if sequester were to...
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Apr 23, 2013
04/13
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nineteen certification tests were done, and that was enough to convince the faa the public will be safe. boeing is in the process of retrofitting the 50 dreamliners, and we expect to have the first airline back up in the air are the retro-- airline retrofitted by the end of next week. jon: let's hope that's the end of the problem. dan springer, thank you. and we'll be right back. ... ... [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain... and a choice. take up to 4 advil in a day or 2 aleve for all day relief. [ male announcer ] that's handy. ♪ just seem to fade away...? now start vibrant, stay vibrant! new vidal sassoon pro series has an exclusive hydrablock system that helps fight fade out -- for up to 8 weeks. vidal sassoon pro series. salon genius. affordable for all.
nineteen certification tests were done, and that was enough to convince the faa the public will be safe. boeing is in the process of retrofitting the 50 dreamliners, and we expect to have the first airline back up in the air are the retro-- airline retrofitted by the end of next week. jon: let's hope that's the end of the problem. dan springer, thank you. and we'll be right back. ... ... [ male announcer ] this is george. the day building a play set begins with a surprise twinge of back pain......
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Apr 23, 2013
04/13
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FBC
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some choice words for the faa. melissa francis and lori rothman will take you through the next hour of market now. stay with us.so ♪ w- last week, this month, and even next year. for seeing your business's cash flow like never before, introducing cash flow insight powered by pnc cfo. a suite of online tools that lets you turn insight into action. ♪ dennis: let's talk a quick note on netflix and apple. six months ago it felt like netflix could do nothing right and apple could do no wrong. we are watching apple for earnings after the bell to see whether they stumble yet again. cheryl: a lot of big will be coming out after the valve. melissa: huge market they are. welcome. i am melissa francis. lori: we will set you up. i am lori rothman. head
some choice words for the faa. melissa francis and lori rothman will take you through the next hour of market now. stay with us.so ♪ w- last week, this month, and even next year. for seeing your business's cash flow like never before, introducing cash flow insight powered by pnc cfo. a suite of online tools that lets you turn insight into action. ♪ dennis: let's talk a quick note on netflix and apple. six months ago it felt like netflix could do nothing right and apple could do no wrong. we...
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Apr 23, 2013
04/13
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they are working with the faa to address this issue. provideurances can you about efforts to improve its communications with the faa? >> we are very far along. a newalso moving from system governing institutions that educates student visa holders. this will help solve the problem. that. get to the silent screen process. under the present system, applicants for asylum must undergo a credible interviewed to determine whether they have a credible fear of persecution in his or her county of origin. but the officer determines that they have a credible fear, the application is a long for further consideration. streamlines the process partly by allowing a screening officer to grants asylum immediately following the interview. if this were to become law, how department in sure they're adequately screen for national security threats? permit togulations confer with the state department to verify the veracity of an applicant's claim. to what extent do they use the authority? are other barriers that prevent this between the agency's? encies? improv
they are working with the faa to address this issue. provideurances can you about efforts to improve its communications with the faa? >> we are very far along. a newalso moving from system governing institutions that educates student visa holders. this will help solve the problem. that. get to the silent screen process. under the present system, applicants for asylum must undergo a credible interviewed to determine whether they have a credible fear of persecution in his or her county of...
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Apr 23, 2013
04/13
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KPIX
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john boehner wrote, faa has flexibility to cut costs without delaying air travelers. why won't president obama let them? but the president's transportation department head says there was no other choice. >> we cut contracts, we eliminated temporary employees, we looked everywhere possible to avoid the kind of furloughs that are now taking place. >> reporter: he puts the blame on congress for agreeing to automatic, across the board budget cuts. >> now it's up to congress to look at a very dumb way of budgeting and change it. critics point to other areas of the faa they say could be cut instead of air traffic controllers, for example, a three billion airport improvement fund that so far hasn't been touched by the budget cs. char >>> much of the midwest is expecting rain today. that means more trouble for cities and towns along the mississippi river. they face serious flooding when the big river crests later this week. other areas underwater right now. dean reynolds in peoria illinois. the river is reaching a record high crest. >> good morning, charlie and norah. you can
john boehner wrote, faa has flexibility to cut costs without delaying air travelers. why won't president obama let them? but the president's transportation department head says there was no other choice. >> we cut contracts, we eliminated temporary employees, we looked everywhere possible to avoid the kind of furloughs that are now taking place. >> reporter: he puts the blame on congress for agreeing to automatic, across the board budget cuts. >> now it's up to congress to...
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Apr 23, 2013
04/13
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the ntsb wants to know out prob -- how problems with the batteries went unnoticed by the faa and boeing inspectors during test flights. the problem grounded the jets three months ago. the faa approved a redesigned battery system and this week boeing is install the batteries and dreamliners that happen in operation around the world. small knives are still banned on planes. the tsa reversed its decision to start allowing small knives on board passenger planes. that would have happened this thursday. tsa is now saying it needs more time to reveal all of the public feedback on the decision. unions for flight attendants and pilots loudly protested against the change. many passengers say they really never liked the idea of allowing planes on -- knives on planes. >>> 8:19. some bay area schools are seeing a rise in bomb threats. now, just yesterday, a student at san francisco state found a suspicious package in a music and theater building. inside the package, a note saying a bomb was about to go off. now, police investigated the building, their search proved that threat was a hoax. >> it made
the ntsb wants to know out prob -- how problems with the batteries went unnoticed by the faa and boeing inspectors during test flights. the problem grounded the jets three months ago. the faa approved a redesigned battery system and this week boeing is install the batteries and dreamliners that happen in operation around the world. small knives are still banned on planes. the tsa reversed its decision to start allowing small knives on board passenger planes. that would have happened this...
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Apr 23, 2013
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the faa arted furloughing air traffic controllers and other employees sunday. cascading delays held up flights at some of the busiest airports and in some cases up to many hos. > disgraced fmer new york ste congressman anthony weaner is tweeting once again launching a new account some two yea after his twier scandal that led to his political fall from grace. he resigned in 2011 after admitting to exchanging inappropriate messages with several women. his latest tweets stick to policy only asis name emerges in the field of potential candides for new york city mayor. >>> we all have dreams and this goat's dream is to be apparently a chicken? so far the impression is spot . ke a look. [ clucking ] so our obsessions with goats continues. and the noises they make. >> talking goats, singing goats. >> break out to bon jovi. weove the goats. >> take that act t vegas. >> mr. roker has a special guest. >> when that goat lays an e whh is what i do just about every day. carl leonard is here. >> 25,000 volunteers are going out in one day all day to give about a half million
the faa arted furloughing air traffic controllers and other employees sunday. cascading delays held up flights at some of the busiest airports and in some cases up to many hos. > disgraced fmer new york ste congressman anthony weaner is tweeting once again launching a new account some two yea after his twier scandal that led to his political fall from grace. he resigned in 2011 after admitting to exchanging inappropriate messages with several women. his latest tweets stick to policy only...
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Apr 23, 2013
04/13
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FBC
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the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican bill that specifically gave him flexibility? why did he reject the opportunity to emplo and void inflicting pain? he wants air travelers to blame republicans. as you sit on the tarmac, you're being urged to write to congress. administration is using the heavily regulated airlines to channel your anger. it hurts them, so blame the republicans, not me. i don't think it is going to work. we can see through this ploy and don't we deserve better management than this? i'm going to try to remember the last time a president deliberately hurt the pres
the faa had people on air traffic controllers. did you know the faa will spend $500 million on consultants this year? 325 million on supplies and travel? 470 million on grants. to make communities more livable and stable. why not divert some of it to air traffic controllers so we can avoid delays. you can't do that, the president doesn't have the flexibility to shift spending away from services. now, the cuts must be across the board. so why did president obama threatened to veto a republican...
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Apr 23, 2013
04/13
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CNBC
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they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition to some security concerns, of course, from the furlough, how this is going to impact airlines and the broader economy is a big issue. southwest estimates the cost could be $200 million a year for that airline. american, of course, a bigger airline saying that it could cost them $650 million a year. carl, a couple of caveats to think about. of course weather could be the biggest reason you see flight delays. we had windy conditions here in new york city. everybody was willing to point the finger at the sequester. the other issue, of course, is the fact that you have different
they blame it on furloughs from the faa. the faa intends to cut 10% of staffing. that's to save roughly $200 million coming out of the $637 million that it needs to cut from its budget. now the board behind me shows we are with seeing delays of 15 to 45 minutes in terms of the departures. in terms of the arrivals we are seeing 30 to 45 minutes. of course that's due to congestion. we have data that shows yesterday more than half of the flights at this airport did experience a delay. in addition...
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Apr 23, 2013
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the faa typically does not wait until the ntsb has finished its investigation. the ntsb p takes a long type. the normal investigation lasts well over a year and there are two months into the battery fire probe and there's been no determination of a cause. they do know the li lithium ion battery overheated and that led to overheating and a fire. they are including a redesigned battery with better insulation between the cells and a better steel containment box that engineers say won't allow for any air to fuel a fire. they've redesigned the charge erp sore the battery doesn't have to work as hard. the faa has given approval to that fix and boeing says it could have its planes back in the air with the airlines flying customers again by the end of next week. back to you, martha. martha: that's been quite a story. dan, thank you. bill: from capitol hill the tempers are flaring today. have a look at this right here. >> i say that particularly those who are pointing to what happened the terrible tragedy in boston as i would say an excuse for not doing a bill, or delayi
the faa typically does not wait until the ntsb has finished its investigation. the ntsb p takes a long type. the normal investigation lasts well over a year and there are two months into the battery fire probe and there's been no determination of a cause. they do know the li lithium ion battery overheated and that led to overheating and a fire. they are including a redesigned battery with better insulation between the cells and a better steel containment box that engineers say won't allow for...
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Apr 23, 2013
04/13
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republicans going to try to pass something specific to faa? >> does this mean they are going to try to do a every time there is a problem? >> or do you try to do the big piece? >> i have to go to shameless plugs. >> 50th anniversary for the lawyers committee. go to the website. >> we have to build a workforce. 50% of the governors out there in their state of the union addresses talk about education. >> it's a great study. i know what you are talking about. my republican polling partner did a great analysis of the state of the state education. >> it is not glamorous but essential. >> pete williams. >> here it is. that is the way to look at it. that's it for this edition of "the daily run down" we know there is potentially intriguing breaking news. tomorrow we will talk to congressman mike mccall just hours after he received a top secret briefing. >>> and taking a dive to the race for john kerry's former senate seat. chris jansing, bye-bye. at the airports not too many problems. most likely be areas like kansas city or chicago or st. louis with
republicans going to try to pass something specific to faa? >> does this mean they are going to try to do a every time there is a problem? >> or do you try to do the big piece? >> i have to go to shameless plugs. >> 50th anniversary for the lawyers committee. go to the website. >> we have to build a workforce. 50% of the governors out there in their state of the union addresses talk about education. >> it's a great study. i know what you are talking about. my...
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Apr 23, 2013
04/13
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KICU
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as of now, the furloughs mean all 47,000 faa employees, including 15 controllers, will work one less day every other week. faa administrator michael huerta found no other way to cut $637 million as required by the sequester. the faa implies that with fewer controllers on duty, planes will have to take off and land less frequently. it's not only passengers affected. sequestration may also affect air freight. the aerospace industries association predicts over the course of a year the nation's air cargo system may be as much as two billion pounds of goods lighter as a result of fewer cargo flights. boeing dreamliners may be heading for the skies, possibly as early as next week. the 787s have been grounded since january because a couple of lithium ion batteries on board caught on fire. boeing reportedly has engineers and techs working this week to install re-inforced batteries on its jets, which will reduce the risk of overheating. "it took a long time to prove this fix, about 3 weeks longer than boeing thought necessary, so i think they feel pressure now to go ahead, allow these planes
as of now, the furloughs mean all 47,000 faa employees, including 15 controllers, will work one less day every other week. faa administrator michael huerta found no other way to cut $637 million as required by the sequester. the faa implies that with fewer controllers on duty, planes will have to take off and land less frequently. it's not only passengers affected. sequestration may also affect air freight. the aerospace industries association predicts over the course of a year the nation's air...
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Apr 23, 2013
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KGO
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. >>> air travelers across the country are in for another day of flight delays, as the faa scrambles to make due with fewer air traffic controllers. some of the nation's busiest airports fell behind because federal budget cuts have resulted in furloughs across the faa. delays are ranging from 15 minutes to several hours. >>> the record rainfall and flooding that's inundating much of the midwest is far from over. in peoria, the illinois river is cresting today, expected to hit nearly 30 feet. the problem is flood stage is only 18 feet. mississippi and other river towns are seeing similar swamping. near st. louis, more than 100 barges broke free, some smashing into bridges. at least ten of them sank. >>> and there's evidence that we are not exaggerating about the water levels. here it is. take a look at a fish swimming by someone's office window. that's in grand rapids. the river there crested at nearly 22 feet. >> my goodness. >> yikes. >>> today's forecast for the flood zone won't be a welcome one. plan on plenty of rain stretching from south texas all the way to the great lakes. and
. >>> air travelers across the country are in for another day of flight delays, as the faa scrambles to make due with fewer air traffic controllers. some of the nation's busiest airports fell behind because federal budget cuts have resulted in furloughs across the faa. delays are ranging from 15 minutes to several hours. >>> the record rainfall and flooding that's inundating much of the midwest is far from over. in peoria, the illinois river is cresting today, expected to hit...
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Apr 23, 2013
04/13
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CNBC
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the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk. they didn't know their plane would not take off until the doors were closed and we were wheels up in 15 minute, they thought was the maximum and the pilot comes back and says listen, we can't land. they don't have enough people to land us in kennedy. >> thank you for the tweets on that because honestly and we were glad you brought it to our attention. thank you very much. >> our guest host this morning is henry blodget. he has thoughts on there as well. squawk will be right back. ♪ ♪ ♪ ♪ ♪ the new blackberry z10. with time shift and blackberry balance. built to keep you moving. see it in ac
the faa says listen, you can't come in. we don't have enough people. we can't do the job. it was remarkable. we said how long? two and a half hours? why is that? >> maybe two and a half hours the faa says they might be able to round up enough people to land the airplanes in kennedy. >> that is stunning. i was watching in horror because i have to travel next week. >> take the train. i was going to go to washington. forget the airplane. just get on the train. it's too high risk....
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Apr 23, 2013
04/13
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faa's operations budget is personnel. the faa must furlough 47,000 employees for up to 11 days between now and the end of the fiscal year. >> bill: the bottom line is you can't have it both ways. you cannot say we want the sequester. we're going to let the sequester happen. and then bitch and moan every time the sequester has a real impact in the real world. which it is happening. before this, maybe it was just in areas where most people who are -- upper middle class or wealthy, didn't feel any pain. programs like head start or food stamps or meals on wheels, right. didn't affect me. because i got a good life. well now you know, you're getting on a plane to go somewhere and you have a two-hour delay serves you right. only one way to get rid of this which is get rid of the sequester and have some sensible cuts not just these mad across-the-board cuts and if republicans really don't like what's happening, get rid of the sequester. one other issue immigration. immigration reform has a head of steam because there are -- this
faa's operations budget is personnel. the faa must furlough 47,000 employees for up to 11 days between now and the end of the fiscal year. >> bill: the bottom line is you can't have it both ways. you cannot say we want the sequester. we're going to let the sequester happen. and then bitch and moan every time the sequester has a real impact in the real world. which it is happening. before this, maybe it was just in areas where most people who are -- upper middle class or wealthy, didn't...
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Apr 23, 2013
04/13
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basically, they're treating the controller just like any other faa employee. not giving them any special preference because they're on the front line. the airlines say it's preposterous. there ought to be room in a budget like that defined other cuts. but i think the most telling thing is the administration did not go to congress and say, look, this nightmare's going to happen, fix this problem at the faa. instead, they're saying seem to be saying that the only way the problem with air traffic controllers is going to be fixed is if congress rolls back the entire sequester. democrats seem to think this is the best leverage they have to get rid of the sequester altogeth altogether. >> using travelers and air traffic controllers and air safety as political leverage. we'll see how that works out, lisa myers. thank you so much. we greatly appreciate it. let's go to chuck todd right now, nbc news chief white house correspondent political director and host of the "daily rundown." chuck, do you think if a member of congress decides to put a bill on the floor that take
basically, they're treating the controller just like any other faa employee. not giving them any special preference because they're on the front line. the airlines say it's preposterous. there ought to be room in a budget like that defined other cuts. but i think the most telling thing is the administration did not go to congress and say, look, this nightmare's going to happen, fix this problem at the faa. instead, they're saying seem to be saying that the only way the problem with air traffic...
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Apr 23, 2013
04/13
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>> possible options for travelers now that it is day three of the faa furloughs longer airport wait time, longer tarmac wait time perhaps canceled flights all together. now they have filed a motion to place a moratorium on the rule saying airlines cannot let passengers remain on the tarmac for more than 3 hours. the motion notes 6700 flights will be delayed daily at 13 of the busiest airports now that the furloughs have started f. you add bad weather on ton of that it could get pretty ugly. if the tarmac rule does stay in place airlines may be forced to cancel flights and significantly disrupt travel plans. because they don't have the appropriate staff to go deal with the travel disruption. >> they are telling passengers there's always the bus. >> college, is it worth it or not worth it? >> there is a growing number of people saying it's not worth it. no longer guarantees success. even a good enough job where you make enough money to pay back your student loan. the average college grad is graduating with 28,000 in debt. that's why some high school grads are starting their own businesses
>> possible options for travelers now that it is day three of the faa furloughs longer airport wait time, longer tarmac wait time perhaps canceled flights all together. now they have filed a motion to place a moratorium on the rule saying airlines cannot let passengers remain on the tarmac for more than 3 hours. the motion notes 6700 flights will be delayed daily at 13 of the busiest airports now that the furloughs have started f. you add bad weather on ton of that it could get pretty...
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Apr 23, 2013
04/13
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KQED
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to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher than
to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for...
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Apr 23, 2013
04/13
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the faa is in some ways caught between a rock and our place. let's see. i think they're making the kind of management decisions that will have modest, if any, affect on the traffic system. melissa: we will see. thank you for coming on. >> of come back if it does not work out that way. [laughter] melissa: okay. you're a brave man. i like that. time to check the fuel gauge report. halliburton says this is setting aside an additional $1 billion to pay private claims from the 2010 deep water horizon rig explosion. in an earnings policy the company said the increased reserve caused a first quarter loss of $18 million. $0.2 per share compared with a profit of 627 million or $0.68 per share from a year ago. the good news on gas price, the average price of a gallon of regular has dropped $0.11 in the past few weeks. experts say the prices could go down another $0.20 in the next two months. that is the exact opposite of what we were used to seeing as prices generally go up at this time of year. good news. the cheaper gas could hit. toyota says sales of the previou
the faa is in some ways caught between a rock and our place. let's see. i think they're making the kind of management decisions that will have modest, if any, affect on the traffic system. melissa: we will see. thank you for coming on. >> of come back if it does not work out that way. [laughter] melissa: okay. you're a brave man. i like that. time to check the fuel gauge report. halliburton says this is setting aside an additional $1 billion to pay private claims from the 2010 deep water...
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Apr 23, 2013
04/13
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and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press conference and the president giving the address on the disappointment of the gun control agenda half an ho later. ho later. just asking. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. [ male announcer ] a car that can actually see like e a hum, using ste
and without border security he is spending money on border security making faa slowdowns of using for one minute there will be money spent on border security on this administration you are nets. >> do they care what is in these things? look back gun-control. it was right off the mark with a mental health issues but they had a package and rush it through and expected it to pass. lou: when we come back, we will ask if there is any relationship between the fbi canceling last weenesday press...